7 Retail Stocks to Buy for Winning the Online Battle

WILL ASHWORTH | January 8, 2019 | 99 views

If you’re looking for retail stocks to buy that are winning online, Children’s Place (NASDAQ:PLCE) ought to be at the top of your list. However, before you rush to your computer to place your buy, it’s important to understand the retailer’s e-commerce success has come at a short-term cost. On Dec. 6, it announced its third-quarter results. Among the usual numbers in its press release was a 38% increase in digital sales along with a 9.5% increase in same-store sales.That was the good news. The bad news was that its costs were higher in the quarter due to the extra expense of fulfilling online orders from its stores rather than its distribution center.“[T]he outsized growth of our digital business has caused low levels and stock-outs of e-commerce inventory, and has forced us to make brick-and-mortar inventory available to our digital customers online in order to meet their demand,” said Chief Financial Officer Michael Scarpa on its earnings conference call. “The fulfillment costs associated with ship-from-store and the fulfillment of store inventory carries a higher cost per unit than shipments made via our distribution center.”

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Newcastle Systems

Newcastle Systems provides innovative solutions that help to make equipment more mobile and information more readily available across an entire enterprise. Integrated with your powered equipment, our full line of mobile powered workstations, accessories and power packages can improve efficiencies for a wide variety of industries such as manufacturing, warehouse/dc and retail.

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RESTAURANT POS

How POS Solutions Assist Restaurants to Increase their ROI?

Article | July 20, 2022

Introduction The hospitality industry has always been challenging and full of obstacles, such as low-profit margins, high competition, and turnover management, irrespective of the type of restaurant or level of owner experience. However, rapidly changing business dynamics and current conditions have increased these challenges enormously. Changing customer preferences, including high customer service expectations and an emphasis on the sourcing of ingredients and nutrition values, affect the entire operation. Also, the growing importance of reviews and word-of-mouth referrals makes brand management both more crucial and complex. Thus, several restaurant owners are increasingly investing in innovative solutions, such as restaurant POS systems, to improve the consumer experience, empower business owners to manage restaurant operations more efficiently, and increase ROI. Top 5 Ways How Restaurant POS Integration Can Boost ROI Due to the fast-paced nature of the restaurant sector, coupled with ever-changing customer needs, business owners encounter numerous challenges in keeping up with the changes and meeting customer expectations while maintaining perfect control over all aspects of their operations. As restaurant POS systems provide solutions for these challenges while also improving workplace efficiency, automating several tasks, monitoring employee performance, and enhancing security, these systems are gaining massive popularity in the hospitality industry. Out of all the new features that restaurants can get from POS integrations, such as delivery management, accounting, and more, these are the most important ones that help owners get the best return on their investment: Create Data-driven Campaigns Modern POS solutions enable restaurant owners to collect valuable data about their customers, such as their preferred food choices, their addresses, how often they visit the establishment, and others. These actionable insights can be used to create personalized campaigns, increasing their chances of responding to a customized offer and improving ROI. Support Omnichannel Communications and Payments With the advent of e-commerce, food can now be ordered and paid for via multiple channels, including the restaurant's website, third-party applications, the phone, and others. Therefore, it has become essential for restaurant owners to increase contact with their customers. Integrating a restaurant POS system enables owners to facilitate omnichannel communication and payments and discover the optimal way to communicate with consumers, thereby increasing food order flow from both offline and online channels. Improves Customer Relationship As the restaurant sector continues to become more competitive year by year, it is becoming crucial for restaurant owners to improve their relationships with customers. With restaurant POS systems, customers can make the payment using their preferred methods, such as cash, credit or debit card, QR code, UPI, and others. These systems also reduce the time for placing food orders as well as decline the chances of order misplacement. This results in providing better customer service, improving customer relationships, and increasing customer inflow. Streamline Restaurant Operations From front-of-house to back-of-house operations, modern POS technology assists restaurant owners in streamlining various business operations such as inventory control, labor management, payment getaways, and order tracking and delivery, among others. Thereby reducing the overall cost, declining the chances of errors, and improving profit margins. Final Thought Today, POS technology is clearly a necessity for the hospitality industry, irrespective of the type of establishment, such as fine dining, fast food, cloud kitchen, hotels, and others, to enhance restaurant operations, provide a smoother customer experience, and improve ROI. With the introduction of customizable POS solutions and a growing shift towards cashless payments, modern restaurant POS systems are anticipated to transform the ways of food ordering and payment in the forthcoming years.

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POS SOLUTIONS, CLOUD BASED POS

Top 5 Reasons Why Modern Restaurant Needs Integrated POS Solutions

Article | July 14, 2022

Introduction Due to the dynamic nature of the industry and the ever-evolving demands of its customers, restaurant business owners are facing a unique set of challenges. This is compelling them to streamline their operations to meet customers' rising expectations while maintaining perfect control over all aspects of their establishment. In addition, emerging innovative technology solutions are rapidly changing the world of payment systems, and the restaurant industry is the best example of it. Today, opening a restaurant is more than just serving food and making money. It is about providing a memorable experience to the customers and retaining them. As a robust restaurant point-of-sale (POS) solution assist in delivering a better customer experience, pacing up the ordering process, and managing inventory, among others, it is gaining huge popularity in the sector. Why Does Restaurant Need to Invest in Modern POS Systems Today? As the trends of online food ordering at dine-in and competition in the hospitality industry continue to deepen, it is becoming imperative for restaurant owners to efficiently manage the point of sale for their eatery. Also, the growing need for faster customer food service, efficient employee scheduling, and effective inventory management is encouraging business owners to adopt innovative restaurant technologies, such as restaurant POS systems. Here are some of the main reasons restaurants should integrate modern POS solutions. Effective Ordering Processes The ordering process, being the nerve center for restaurants, is one such aspect that needs serious attention. As food ordering processes that take a long time can significantly hamper the customer experience and satisfaction, owners of food establishments are aiming at leveraging novel restaurant POS systems to streamline and ease the food ordering processes. Increase Cash Flow Optimum cash flow is the backbone of any business. If restaurants are unable to maintain enough cash flow, they will have difficulties staying in business in the long run. Since restaurants are able to serve more customers per hour with fast-paced POS technology, allowing for greater sales and increased cash flow, business owners are aiming to deploy these modern POS solutions. Organize and Track Profit and Loss Keeping an accurate track of the income and expenses is of great importance for understanding the financial position of the eatery and creating an effective strategy to increase its revenue. A POS system can assist business owners in preparing a settlement at the end of each day, week, and month, keeping track of the ROI, and organizing profit and loss. Offer Security to Customers Customers or guests are increasingly using various cashless modes for transactions, such as credit cards, online banking, and others, for making payments. With increasing instances of customer data theft, guests are increasingly concerned about their data privacy and payment credentials. Hence, several food establishments are emphasizing embracing restaurant POS software to offer enhanced security to customers. Build Customer Database In today's highly competitive world, engaging and retaining customers is crucial for the success of businesses, especially in the restaurant industry. As the latest POS solutions aid restaurants in enhancing customer communications and loyalty, along with improving customer relationship management by building a customer database, these solutions are increasingly being sought in the sector. The Ending Thought With the emergence of innovative trends in the hospitality industry and the ever-changing needs of customers, it is becoming difficult for restaurant owners to keep the customers happy and build credibility in the long run. Since modern restaurant POS systems with advanced integrated technologies, such as artificial intelligence, can assist these restaurants in overcoming these obstacles along with providing numerous advantages, including cost reduction and increased ROI, these systems are anticipated to become a necessity for restaurants in the coming years.

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POS RETAIL

Retail ,Wholesale Trade,Ecommerce,Retail,E-commerce,point of sale.

Article | August 12, 2022

Last July, a small group representing the giants of the tech industry gathered in the seat of US government, Washington DC. They probably didn’t want to be there. Congress had summoned their employers Apple, Facebook, Google, and Amazon to answer questions about the command they hold over the markets they operate in. On Amazon’s behalf, associate general counsel Nate Sutton spoke in defense of his employer’s role in US retail. Throughout, he argued that Amazon isn’t so powerful as to be able to control prices and stifle competition. Amazon, he pointed out, makes up less than 1% of retail globally. In the US, it accounts for around 4% of retail. In fact, Walmart is much larger than Amazon, he said. In terms of sales, Sutton is right. Walmart reported $510 billion in total sales across its US and international segments in the 2019 fiscal year, versus Amazon’s $233 billion in roughly the same period.

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How SMEs can emulate the success of Amazon through ecommerce personalization

Article | February 10, 2020

Whatever your feelings are towards Amazon, there is no denying that they have revolutionised ecommerce and now set the bar for the personalised experience of users when it comes to online shopping. So much so that it was recently reported that they have more than a 30% share of the UK’s ecommerce market. With statistics like this, it may feel like it is impossible to compete, especially as Amazon has huge tech and marketing budgets at its disposal. However, all is not lost. It is possible for SMEs to learn from the forerunner and implement some of their most successful techniques, with regards to their use of ecommerce personalisation and AI, to increase sales cost effectively.

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Spotlight

Newcastle Systems

Newcastle Systems provides innovative solutions that help to make equipment more mobile and information more readily available across an entire enterprise. Integrated with your powered equipment, our full line of mobile powered workstations, accessories and power packages can improve efficiencies for a wide variety of industries such as manufacturing, warehouse/dc and retail.

Related News

CLOUD BASED POS

Ingenico and Splitit Partner to Bring One-Touch, No-Interest, BNPL Checkout

Splitit | February 03, 2023

Ingenico, one of the global leaders in payments acceptance solutions, and Splitit, the only white-label, card-based installment platform using existing consumer credit, have announced a global partnership to bring one-touch, no-interest, BNPL capability to the physical checkout experience leveraging PPaaS, Ingenico's innovative, cloud-based Payments-Platform-as-a-Service, and Splitit's Installments-as-a-Service solution. The partnership between Ingenico and Splitit overcomes the obstacles to provide a worldwide, one-touch, interest-free BNPL solution built into the merchant's current POS terminal. The outcome is an engaging omnichannel consumer experience that aids in the expansion of merchants' businesses and encourages customer loyalty and repeat purchases. The PPaaS solution from Ingenico allows customers, such as banks and merchant acquirers, to choose from a catalog of payments and value-added services without requiring extensive and costly software development. Additionally, it eliminates the difficulty of distribution across various terminal brands. Installments-as-a-Service is a new approach to driving BNPL by integrating a white-label, merchant-branded experience into a brand's current checkout flow. Splitit unlocks current consumer credit on credit cards for interest-free payments, unlike traditional BNPL offerings that generate new loans. Any customer having accessible credit on their credit card is immediately pre-approved for Splitit for the amount of that available credit. No application, registration, or redirection is required, and there are no extra interest charges, hidden fees, or credit checks, making it the most smooth and frictionless BNPL checkout experience for customers online and in-store. About Ingenico Ingenico is the worldwide leader in solutions for accepting payments. As the trusted technology partner for merchants, acquirers, banks, independent software vendors (ISVs), payment aggregators, and fintech clients, our world-class terminals, solutions, and services support the worldwide payments acceptance ecosystem. With 45 years of expertise, innovation is an intrinsic part of Ingenico's strategy and culture, encouraging our vast and diversified network of professionals to anticipate and contribute to shaping the growth of global commerce. Trust and sustainability are at the core of everything we do at Ingenico. About Splitit Splitit's Installments-as-a-Service platform supports the next generation of Buy Now, Pay Later (BNPL) via merchant-branded Installments. It resolves the issues that companies encounter with old BNPL while enabling BNPL at the POS for card networks, issuers, and acquirers through a single network API. Splitit's Installments-as-a-Service platform reduces the issues with legacy BNPL, such as clutter at the checkout, a declining conversion funnel, and a lack of control over the merchant's customer experience. It also restores merchants' capabilities to nurture and drive conversion, retain customers, and increase average order value. Its white-label BNPL is the simplest installment option for merchants to adopt, integrate, and administer, giving an uncluttered, streamlined experience seamlessly integrated into their current purchase flow. The firm has a research and development facility in Israel and operations in London and Australia.

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POS RETAIL

Balance Certified as a BigCommerce Technology Partner

BigCommerce | January 31, 2023

On January 30, 2023, Balance, a company that provides digital and self-service B2B payments to BigCommerce businesses, has been named a BigCommerce Certified Technology Partner. Balance can be integrated by BigCommerce customers through the BigCommerce App Market. 53% of B2B consumers cited sluggish or long approval times for payment conditions as the primary reason for switching to another ecommerce site, while 73% of B2B customers would cancel their transaction if they encountered friction at the checkout. With conversion and customer loyalty at stake, payments must be an afterthought. Moreover, according to Balance's internal statistics, offering other payment choices and net periods may more than quadruple average order sizes. Balance consumers have also been able to reduce overhead expenses by 85 percent and obtain complete payment in a matter of seconds, as opposed to weeks. For clients using our integrations, the typical installation time has been between two and three hours, allowing them to provide a fast and efficient method for qualifying new customers for net 15, 30, 45, or 60 purchases straight on their website. In addition, with branded invoicing and checkout, merchants have the potential to create a smooth, trustworthy, and non-disruptive consumer experience. About Balance Balance is the first B2B firm to provide a self-service digital checkout experience. Using payment and risk-assessment technologies, any B2B firm that sells items online can now give their customers various payment options (ACH, card, and wire). In addition to flexible payment periods, as well as being paid quickly and simply all in one location. Balance is developing the payment infrastructure to facilitate worldwide online B2B commerce. Balance's first dedicated 1-click checkout for B2B businesses and marketplaces enables sellers to provide customers with flexible payment and condition options wrapped in an outstanding, fast, and simple checkout experience. About BigCommerce BigCommerce is a leading open SaaS ecommerce platform that enables merchants of all sizes to establish, innovate, and grow their online companies. It offers merchants enterprise-level features, flexibility, and performance that are simple and easy to use. BigCommerce is used by tens of thousands of B2C and B2B firms across 150 countries and multiple sectors, including Ben & Jerry's, Molton Brown, S.C. Johnson, Skullcandy, Solo Stove, Ted Baker, and Vodafone. BigCommerce has offices in London, Kyiv, San Francisco, and Sydney, in addition to its headquarters in Austin.

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POS SOLUTIONS

Bold Commerce Collaborates with PayPal Bringing Payments and Commerce Together

Bold Commerce | January 30, 2023

Bold commerce, the leading ecommerce technology company powering checkout and subscription experiences for leading retailers and DTC brands, has announced a new integration with the financial technology comapny PayPal. PayPal is working with Bold Commerce to integrate payments and commerce as it enters headless commerce. This integration will allow retailers and brands to leverage Bold Commerce's headless checkout suite and the PayPal Commerce Platform to develop sales channels beyond their traditional website and accept all payment methods, including Venmo, PayPal, PayPal Pay Later, and credit cards. With over half of the shoppers (53%) leaving checkout before finishing their purchase, retailers have long recognized the need for improved checkout. Still they have previously disregarded it as too expensive and difficult to change. However, to increase conversion and business growth, retailers must offer customized checkout experiences based on shoppers' profiles and buying behavior (e.g., device, touchpoint, location). This necessitates extending the checkout experience outside typical ecommerce channels in order to meet customers where they are, with the flexibility to offer payment choices that match their preferences. The partnership between PayPal and Bold Commerce enables retailers to accomplish this by combining payments and checkout into a single, pre-integrated solution. Now, retailers can place checkout options wherever consumers interact, such as on blogs, social media, and with QR codes on packaging. In addition, retailers can use a single payment service to manage and accept a wide variety of payment methods, including Venmo, PayPal, the PayPal Pay Later solution, debit and credit cards, and other local payment methods. By combining Bold Checkout with PayPal's more than 430 million active accounts, the partnership paves the way for the largest global cross-merchant network impact in ecommerce.By using both PayPal and Bold Commerce, retailers may enhance their revenue through a higher checkout conversion rate and new shoppable touchpoints. Additionally, through Bold's checkout experience suite, retailers can leverage a headless, all-in-one payment and checkout solution to increase sales without incurring the cost and downtime time involved to re-platform. About Bold Commerce Founded in 2012, Bold is an app developer that strives to increase platform capabilities with technology to help brands grow while still providing excellent service. Its Checkout Experience Suite is the only customizable, high-converting, headless checkout with built-in subscription and pricing capabilities, enabling a checkout without limits. Leading omnichannel retailers, such as Harry Rosen, Vera Bradley, and Staples Canada, as well as burgeoning DTC brands, such as Pepsi and Mars, rely on Bold to enhance checkout conversion and deliver anywhere commerce.

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CLOUD BASED POS

Ingenico and Splitit Partner to Bring One-Touch, No-Interest, BNPL Checkout

Splitit | February 03, 2023

Ingenico, one of the global leaders in payments acceptance solutions, and Splitit, the only white-label, card-based installment platform using existing consumer credit, have announced a global partnership to bring one-touch, no-interest, BNPL capability to the physical checkout experience leveraging PPaaS, Ingenico's innovative, cloud-based Payments-Platform-as-a-Service, and Splitit's Installments-as-a-Service solution. The partnership between Ingenico and Splitit overcomes the obstacles to provide a worldwide, one-touch, interest-free BNPL solution built into the merchant's current POS terminal. The outcome is an engaging omnichannel consumer experience that aids in the expansion of merchants' businesses and encourages customer loyalty and repeat purchases. The PPaaS solution from Ingenico allows customers, such as banks and merchant acquirers, to choose from a catalog of payments and value-added services without requiring extensive and costly software development. Additionally, it eliminates the difficulty of distribution across various terminal brands. Installments-as-a-Service is a new approach to driving BNPL by integrating a white-label, merchant-branded experience into a brand's current checkout flow. Splitit unlocks current consumer credit on credit cards for interest-free payments, unlike traditional BNPL offerings that generate new loans. Any customer having accessible credit on their credit card is immediately pre-approved for Splitit for the amount of that available credit. No application, registration, or redirection is required, and there are no extra interest charges, hidden fees, or credit checks, making it the most smooth and frictionless BNPL checkout experience for customers online and in-store. About Ingenico Ingenico is the worldwide leader in solutions for accepting payments. As the trusted technology partner for merchants, acquirers, banks, independent software vendors (ISVs), payment aggregators, and fintech clients, our world-class terminals, solutions, and services support the worldwide payments acceptance ecosystem. With 45 years of expertise, innovation is an intrinsic part of Ingenico's strategy and culture, encouraging our vast and diversified network of professionals to anticipate and contribute to shaping the growth of global commerce. Trust and sustainability are at the core of everything we do at Ingenico. About Splitit Splitit's Installments-as-a-Service platform supports the next generation of Buy Now, Pay Later (BNPL) via merchant-branded Installments. It resolves the issues that companies encounter with old BNPL while enabling BNPL at the POS for card networks, issuers, and acquirers through a single network API. Splitit's Installments-as-a-Service platform reduces the issues with legacy BNPL, such as clutter at the checkout, a declining conversion funnel, and a lack of control over the merchant's customer experience. It also restores merchants' capabilities to nurture and drive conversion, retain customers, and increase average order value. Its white-label BNPL is the simplest installment option for merchants to adopt, integrate, and administer, giving an uncluttered, streamlined experience seamlessly integrated into their current purchase flow. The firm has a research and development facility in Israel and operations in London and Australia.

Read More

POS RETAIL

Balance Certified as a BigCommerce Technology Partner

BigCommerce | January 31, 2023

On January 30, 2023, Balance, a company that provides digital and self-service B2B payments to BigCommerce businesses, has been named a BigCommerce Certified Technology Partner. Balance can be integrated by BigCommerce customers through the BigCommerce App Market. 53% of B2B consumers cited sluggish or long approval times for payment conditions as the primary reason for switching to another ecommerce site, while 73% of B2B customers would cancel their transaction if they encountered friction at the checkout. With conversion and customer loyalty at stake, payments must be an afterthought. Moreover, according to Balance's internal statistics, offering other payment choices and net periods may more than quadruple average order sizes. Balance consumers have also been able to reduce overhead expenses by 85 percent and obtain complete payment in a matter of seconds, as opposed to weeks. For clients using our integrations, the typical installation time has been between two and three hours, allowing them to provide a fast and efficient method for qualifying new customers for net 15, 30, 45, or 60 purchases straight on their website. In addition, with branded invoicing and checkout, merchants have the potential to create a smooth, trustworthy, and non-disruptive consumer experience. About Balance Balance is the first B2B firm to provide a self-service digital checkout experience. Using payment and risk-assessment technologies, any B2B firm that sells items online can now give their customers various payment options (ACH, card, and wire). In addition to flexible payment periods, as well as being paid quickly and simply all in one location. Balance is developing the payment infrastructure to facilitate worldwide online B2B commerce. Balance's first dedicated 1-click checkout for B2B businesses and marketplaces enables sellers to provide customers with flexible payment and condition options wrapped in an outstanding, fast, and simple checkout experience. About BigCommerce BigCommerce is a leading open SaaS ecommerce platform that enables merchants of all sizes to establish, innovate, and grow their online companies. It offers merchants enterprise-level features, flexibility, and performance that are simple and easy to use. BigCommerce is used by tens of thousands of B2C and B2B firms across 150 countries and multiple sectors, including Ben & Jerry's, Molton Brown, S.C. Johnson, Skullcandy, Solo Stove, Ted Baker, and Vodafone. BigCommerce has offices in London, Kyiv, San Francisco, and Sydney, in addition to its headquarters in Austin.

Read More

POS SOLUTIONS

Bold Commerce Collaborates with PayPal Bringing Payments and Commerce Together

Bold Commerce | January 30, 2023

Bold commerce, the leading ecommerce technology company powering checkout and subscription experiences for leading retailers and DTC brands, has announced a new integration with the financial technology comapny PayPal. PayPal is working with Bold Commerce to integrate payments and commerce as it enters headless commerce. This integration will allow retailers and brands to leverage Bold Commerce's headless checkout suite and the PayPal Commerce Platform to develop sales channels beyond their traditional website and accept all payment methods, including Venmo, PayPal, PayPal Pay Later, and credit cards. With over half of the shoppers (53%) leaving checkout before finishing their purchase, retailers have long recognized the need for improved checkout. Still they have previously disregarded it as too expensive and difficult to change. However, to increase conversion and business growth, retailers must offer customized checkout experiences based on shoppers' profiles and buying behavior (e.g., device, touchpoint, location). This necessitates extending the checkout experience outside typical ecommerce channels in order to meet customers where they are, with the flexibility to offer payment choices that match their preferences. The partnership between PayPal and Bold Commerce enables retailers to accomplish this by combining payments and checkout into a single, pre-integrated solution. Now, retailers can place checkout options wherever consumers interact, such as on blogs, social media, and with QR codes on packaging. In addition, retailers can use a single payment service to manage and accept a wide variety of payment methods, including Venmo, PayPal, the PayPal Pay Later solution, debit and credit cards, and other local payment methods. By combining Bold Checkout with PayPal's more than 430 million active accounts, the partnership paves the way for the largest global cross-merchant network impact in ecommerce.By using both PayPal and Bold Commerce, retailers may enhance their revenue through a higher checkout conversion rate and new shoppable touchpoints. Additionally, through Bold's checkout experience suite, retailers can leverage a headless, all-in-one payment and checkout solution to increase sales without incurring the cost and downtime time involved to re-platform. About Bold Commerce Founded in 2012, Bold is an app developer that strives to increase platform capabilities with technology to help brands grow while still providing excellent service. Its Checkout Experience Suite is the only customizable, high-converting, headless checkout with built-in subscription and pricing capabilities, enabling a checkout without limits. Leading omnichannel retailers, such as Harry Rosen, Vera Bradley, and Staples Canada, as well as burgeoning DTC brands, such as Pepsi and Mars, rely on Bold to enhance checkout conversion and deliver anywhere commerce.

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